2,641,698 Shares in NXP Semiconductors N.V. $NXPI Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,641,698 shares of the semiconductor provider’s stock, valued at approximately $742,385,000.

Several other hedge funds have also bought and sold shares of NXPI. BlackRock Inc. purchased a new position in NXP Semiconductors in the second quarter worth $6,716,412,000. Norges Bank bought a new position in NXP Semiconductors in the fourth quarter valued at $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NXP Semiconductors by 34,719.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after purchasing an additional 2,672,697 shares in the last quarter. Deutsche Bank AG purchased a new stake in NXP Semiconductors during the second quarter valued at about $570,925,000. Finally, Legal & General Group Plc bought a new stake in NXP Semiconductors during the second quarter worth about $518,404,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen cut their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. UBS Group reissued a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Wall Street Zen lowered NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Up 1.0%

Shares of NASDAQ:NXPI opened at $224.75 on Wednesday. The stock has a market capitalization of $56.67 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The stock’s 50-day moving average price is $262.52 and its 200-day moving average price is $252.50. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.72 EPS. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is presently 34.64%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.